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Barstool Sports president and internet icon Dave Portnoy is stirring up serious $XRP hype after his appearance at the Consensus 2025 event this week. Known for his bold takes and unpredictable crypto moves, Portnoy is now betting on XRP — and the community is taking notice.
Outbid by Bitcoin — A Personal Crypto Wake-Up Call
At the event, Portnoy recounted a story that perfectly captures the crypto wealth explosion. Years ago, he tried to buy a luxury apartment in Miami but got outbid — by a Bitcoin whale who likely scooped up BTC when it was just $7–$8.
“I’ve slaved for twenty years, and he just outbid me,” Portnoy said, half-joking but clearly impressed by how early Bitcoin believers cashed in. His story highlights the massive wealth shifts in crypto and the powerful grip of FOMO (fear of missing out) on today’s markets.
"That’s Why I’m in XRP"
While many now see Bitcoin as a stable giant, Portnoy says the real FOMO is happening around XRP. He admits he’s not a die-hard believer in XRP’s fundamentals — but at just over $2, it reminds him of Bitcoin’s early days.
> “That’s why I’m in XRP — it’s FOMO,” Portnoy revealed, hinting that XRP could be the next crypto underdog to explode.
This isn’t his first crypto rodeo. Portnoy famously bought Bitcoin in 2020 after advice from the Winklevoss twins, then sold off when prices dipped. But in 2024, he reversed course, saying he’d consider putting $10 million into BTC if it dropped below $40K.
Bitcoin’s Rollercoaster Sets the Stage
With Bitcoin recently peaking above $109K before pulling back below $90K, then surging back past $100K, the market is as volatile — and opportunistic — as ever. Portnoy’s latest XRP bet is a loud reminder that in crypto, anything can happen.
Is XRP the next Bitcoin? Portnoy’s move might just kick off the next big wave.
